/ Godawari Power & Ispat Gets Approval For Private Railway Siding ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 5 April 2018

Godawari Power & Ispat has received approval of competent authority for private railway siding served by Mandhar Station of Raipur Division for inward traffic of Coal, Iron Ore & Manganese and outward traffic of Pellet, which has become operational with effect from March 31, 2018.

Earlier, the company used to transport its raw materials through the railway siding facility of Raipur Infrastructure Company (RICL), a Joint Venture Company, at Mandhar, Raipur. The lease period of the said railway siding of RICL has expired on March 31, 2018 and the same has not been renewed. There will not be any interruption in the movement of the raw materials due to above developments.

Godawari Power & Ispat is engaged in the production of sponge iron, steel billets, ferro alloys, HB wires, oxygen, fly ash bricks and is also in the power business. GPIL is a flagship company of Raipur-based Hira Group of Industries, which is an integrated steel manufacturer and is having dominant presence in the long product segment of the steel industry; mainly into mild steel wire.

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